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Short 1414.5 off 2 & 3m histo, stop just above 1416 -0.75 didn't like 1m histo Waiting upon R2 now or 3rd hump :)

Indeedy, personally I don't trade 1 humpbacks :)

Nice 2/3m triple D in ES?

If true then eyes on monthly chart, so far it is not bullish, what people say, no matter who they are, only matters when longer term charts are in agreement. If credit crunch is near the end of its cycle then we will see it in monthly charts.

Buy1Sell2, any chance of a chart of what you are seeing, TY! I see you reducing trade size, what's the point in that?

Do you see failing or rather weakening upside?

Hello Apex :) ImO daily + USD/JPY point to a further decline

Also bearish wedge on USD/JPY daily

I agree, yesterday was an important day & final result showed lack of interest to take markets higher, pair that with what does look like a retracement within a bear phase, daily histogram on ES does look bearish ImO, so I can only assume that Buy1Sell2 only has eyes for being within a trend...

Did u spot that D on 1?

http://www.cbsnews.com/stories/2008/04/29/eveningnews/main4056941.shtml?source=mostpop_story http://www.tehrantimes.com/index_View.asp?code=167471

OK mate, I appologise, it's a bearish wedge, even better ImO. What now?

Buy1Sell2, why do you not consider trading from short side as more lucrative here, this looks like a bear flag hitting & failing to surpass 50% fibs. I think question is why go long now? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1901846>

Looking at 120 24hr chart, is that the D you were on about?

Smells like a top :)

Of course it may be so, it's just that by standards set by himself in another thread, by stopping 1 trade & opening another x2 size sounds as if it were scaling into a trade as position has increased x2 & that is "inferior behavior" apparently. Maybe it's me who is confused, that happens :)

It's the x2 size that got me thinking that it is similar to scaling in, even though you closed the 1st trade. I would have thought that you subscribe to all-in-all-out-equal-size. No? :)

How is this not a disguised scale in trade? Sorry, nice trade btw

Short 1393.75 off 1, stop above 1396 S/O +2

And this is Daily Gold spot (at weekly chart's 20 average), not even mentioning crude (Jeez!) :) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1895787>